PTX Metals Resumes Drilling at W2 Copper-Nickel-PGE Project in the Ring of Fire; Announces Marketing Program
PTX resumes W2 drilling following the completion of its spin-out, as the stock languishes near multi-month lows.
PTX Metals Inc. has restarted a 5,000-meter diamond drilling program at its W2 Copper-Nickel-PGE Project in northwestern Ontario, targeting the CA1 Zone within the Landsdowne House Igneous Complex. Concurrently, the company is conducting soil sampling and prospecting across the Central, T-Target, Lake Rowell, and North Limb areas to refine geological models and identify future drill targets.
Exploration activities had been paused since January 2026 to facilitate discussions with First Nations communities. A signed letter of intent exists with one community, and further engagement is ongoing.
In an administrative update, PTX Metals Inc. noted an investor relations agreement with DK Capital Partners valued at $18,500 CAD, which includes the issuance of 200,000 stock options with a $0.11 exercise price and a three-year term.
PTX Metals Inc. (PTX) has resumed drilling, marking a direct continuation of the 5,000-meter program announced in December 2025. The company states that this activity is fully expected and does not introduce new technical data, assay results, or financial updates.
Additionally, PTX entered into a minor, administrative investor relations agreement that carries no strategic or market-moving implications. The spin-out of Green Canada Uranium Corp (GCUC) closed in early September 2026, a development already priced into the stock. The news is considered incremental, confirming ongoing field activities without altering the project timeline, capital position, or technical outlook.
PTX Metals Inc. is an exploration-stage company focused on critical minerals in Ontario. Its flagship asset is the W2 Copper-Nickel-PGE Project, located at the gateway to the Ring of Fire. The project has demonstrated strong metallurgical results, achieving 97% copper recovery to a 28% copper concentrate, alongside drill intercepts that have extended the CA1 zone footprint.
The company also holds the Shining Tree Gold Project in the Timmins camp, where Phase 1 drilling commenced in June 2026 targeting the Ronda Target. In corporate developments, PTX Metals closed the spin-out of Green Canada Uranium Corp (GCUC) in September 2026. GCUC acquired the Marshall uranium project in the Athabasca Basin.